Why is there a shortage of PS5?
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Will the PS5 shortage ever end?
The PS5 stock shortage could finally be coming to an end as Sony announces it has secured vital PS5 components. PS5s have been extremely hard to buy ever since the console launched all the way back in November 2020. Not only has the demand for Sony’s next-gen system been extremely high, but the supply has also been low.
When is the next PS5 restock?
Walmart has announced PS5 and Xbox Series X restock will be available on Thursday, February 24 at 12 p.m. ET. As is now standard with Walmart restocks, the drop is expected to last for at least an hour, with new inventory being released every 10 minutes.
Why are ps5s still sold out?
Why is the PS5 so hard to find? Gamers who have been religiously hunting down the elusive console often find restocks sell out within minutes, and even those with some of the best methods to alert of sales are coming up empty-handed. This is mostly due to the continued semiconductor shortage.
1. Sony PS5 setbacks began with the pandemic
Sony didn't announce the PlayStation 5 for months during the first half of 2020 (if you recall, we first saw Xbox in December 2019), allegedly delaying the initial reveal several times due to the pandemic. Rumors of a February launch event gave way to a supposedly scheduled March unveiling, turned into a April reveal that never was.
2. PS5 is collateral damage of 'Work From Home'
This is what people aren't thinking about when they think about fun and entertaining video games consoles: changes to your work life have impacted PS5 stock.
3. Resellers are ruining things for everyone
Resellers bear the brunt of the blame for why you can't find a PS5, and although they aren't the only reason (they often get all of the blame), they're a contributing factor. People buying from eBay and StockX don't help either.
4. Scammers are making things even worse
Worse than resellers are scammers who target down-on-their-luck consumers via Twitter, Facebook Marketplace, OfferUp and completely fraudulent websites made to look real. Scammers promise to sell buyers the PS5 for around $550, a small, but believable markup (except when you think that they must have paid tax, but most people ignore this detail).
5. Cryptominers worldwide are to blame, too
It may be more profitable to buy Bitcoin during its dips than actually mine it at this point. However, this hasn't stopped people from buying up GPUs in an effort to one day profit from mining Bitcoin, Etherium, and other decentralized, open-source blockchain currienies – once their electricity bills are covered.
PS5 restock looks 'dire' for April – with a long-term fix
Finding PS5 stock may only be harder through April and May 2021, according to the retailers who spoke to TechRadar on the condition of anonymity (citing reliance on Sony shipments to their stores). They're not seeing the inventory that hoped for.
Sony's Running Low on PS5 Consoles
Recently, in its last earnings reports, Sony confirmed that it sold 3.9 million PS5 consoles in 2021, which was far less compared to the 4.5 units it sold the previous year. This is due to chip shortage problems Sony—and pretty much every big tech company—has faced in the last couple of years, mostly due to the ongoing pandemic.
Why does Sony have Stock Issues?
Even though it isn't Sony's fault directly, the PS5 sales don't look good for the company, especially when compared to last gen's console. As Daniel Ahmad reported on Twitter, the PS4 sold 20.2 million during the same timeframe.
Patience Is Key
Unfortunately, there isn't much any of us can do about this problem but wait. The chip shortage will still affect Sony and other tech companies during 2022, but hopefully, this issue will be sorted out sooner rather than later. In the meantime, if you haven't already, it might be worth considering getting a PS4 instead.
Why has there been a PlayStation 5 shortage?
The low PS5 stock is thought to be down to supply chain problems, with shortages of specific parts apparently to blame.
How is the PS5 shortage being resolved?
Sony chiefs insist that they are working tirelessly to make as many consoles as possible and claim the problem is getting better.
Why is the PS5 stock so hard to find?
The first is perhaps obvious: the COVID-19 global pandemic has caused delays in nearly every industry, and companies like Sony and Microsoft aren't immune to this.
When will the PS5 be released?
Since its release in November of 2020, the PlayStation 5 remains a difficult console to find. Despite numerous restocks at major retailers, PS5 stock is always small in quantity and sells out quickly.
Is the PS5 stock low?
So, by releasing PS5s in short bursts, it offers prospective buyers a chance to grab one while more consoles are being made. Unfortunately, it's highly probable that PS5 and Xbox Series X stock will be low for a while, so it's unlikely Sony's strategy of releasing PS5 stock a little at a time will change anytime soon.
Is the PS5 hard to find?
Despite being out for several months, the PlayStation 5 is still hard to find. So, why does Sony keep releasing PS5 stock only a little at a time? Since its release in November of 2020, the PlayStation 5 remains a difficult console to find. Despite numerous restocks at major retailers, PS5 stock is always small in quantity and sells out quickly.
Is Sony making PS5s?
While Sony is undoubtedly making PS5s as quickly as possible, the delays in the industry are a lot to deal with, especially for a company trying to manufacture a new console. The alternative to this strategy would be releasing all PS5 stock at once, which would make for even greater delays as production continues but struggles due to COVID-19.
Is the PS5 in short supply?
history. So, the popularity of the PS5 coupled with COVID-19 delays means that PS5 stock will most likely continue being in short supply for a while longer.
Will the PS5 be restocked?
In the meantime, major retailers continue getting PS5 restocks a bit at a time. While the low quantities of PS5s is frustrating for the people who want to buy one and can't, it's most likely a way to keep PlayStation 5 consoles from running out completely while more are being produced.
How many PS5s will be sold in 2020?
Sony still managed to sell 4.5 million PS5s in 2020, slightly more than the 4.2 million PS4s sold in a similar amount of time. That number would clearly be much higher if stock was available. “Demand was greater than we anticipated,” Ryan told the Washington Post.
Did the PS5 sell out?
PS5. Credit: Sony. It’s an old story at this point: the PS5 sold out immediately at launch, and soon after became the hottest ticket in retail, with people spending hours of focused effort in an attempt to position themselves to buy an in-stock console at MSRP, or, alternatively, to pay wildly inflated prices on the grey market.
